Portfolio review March 2023

Positive development in Hong Kong's restaurant industry and Singapore public transport. Disappointment at Ichigo Hotel. Estimated reading time: 23 minutes

Disclaimer: This article constitutes the author’s personal views and is for entertainment and educational purposes only. It is not to be construed as financial advice in any shape or form. Please do your own research and seek your own advice from a qualified financial advisor. From time to time, the author may hold positions in the below-mentioned stocks consistent with the views and opinions expressed in this article. I have positions in all of the below stocks when publishing this article. This is a disclosure - not a recommendation to buy or sell stocks.

Portfolio update

The portfolio rose another +1.8% month-on-month in March and is now +19.1% since its inception in October 2021, equivalent to an IRR of +12.8%.

Most of the monthly return came from a spike in Delfi’s (DELFI SP - US$529 million) share price after it reported better-than-expected full-year 2022 results. But the rest of the portfolio was weak, with a number of misses and disappointments, including Ichigo Hotel REIT’s (3…